2024 SGD to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 446.1298. Conversely, the yearly low was recorded on December 31, dropping to 418.1810.
This high-to-low spread represents a total annual volatility of 27.9488 SOS. From a start-to-finish perspective, comparing the January average rate of 427.6327 to the December average rate of 422.8873, the exchange rate registered a net change of -1.11% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 446.1298 was up 2.45% compared to the 2023 peak of 435.4767, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD to SOS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 424.1226, compared to 431.0196 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.8969 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 12.8703 SOS (High: 439.6010 / Low: 426.7307). On the other end, June was the most stable month, with a tight range of 5.4182 SOS (High: 425.8749 / Low: 420.4567).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 8.3565 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 441.0832) against the same month in 2023 (average: 418.1745), the exchange rate shifted by +22.9087 (+5.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 434.1975 | 424.9511 | 427.6327 |
| February | 429.2651 | 423.0088 | 425.0408 |
| March | 429.6659 | 421.7634 | 425.9145 |
| April | 424.9773 | 418.6637 | 420.9189 |
| May | 425.1404 | 419.3231 | 422.7655 |
| June | 425.8749 | 420.4567 | 422.4634 |
| July | 427.4395 | 420.1572 | 424.4487 |
| August | 439.6010 | 426.7307 | 433.7246 |
| September | 446.1298 | 436.9809 | 441.0832 |
| October | 443.2301 | 431.6602 | 436.1650 |
| November | 434.9735 | 423.7112 | 427.8085 |
| December | 427.1653 | 418.1810 | 422.8873 |